Law and Long-Term Economic Change
Law and Long-Term Economic Change
An Editorial Introduction
This chapter introduces the main themes of this volume, aiming to help in the interpretation of the complex and interactive relationship between law and economic growth. It argues that legal traditions in various parts of the world drew on very different cultural concepts about family, property, authority, religion, and property rights, which were filtered or converted by different power structures and social groups into operational legal rules and procedures that had long-lasting consequences on the long-term economic trajectories for different civilizations. It also notes that cultural and historical differences do exist and that these matter for long-term economic change.
Keywords: property rights, economic growth, legal traditions, economic change
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